St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-15
YESTERDAYS MARKET.
On the Chicago Board of Trade Wheat Was
Rather Dull and the Feeling
Weaker.
There Were Few Outside Orders and Some
what LESS Doing on Local
Account.
The Visible Supply Showed Quite a
Decrease, but Receipts Were
Good.
Transactions in the Financial Circles
of Wall Street--General
Quotations.
Special to the Globe.

CHICAGO,,March IA very large specu-
lator who has had his ups and downs in this
market, but whose opiEion is worth as much
as anybody's says: ''rhere has been great
ado about the buying of this wheat. There
are bugbearS here who have been hurt in
pocket and there are other bugbears who,
without being hurt much in pocket, have
been hurt great deal in prestige. There
are big commission men who have been dis
appointed in the distribution of orders. They
are all very querulouS. and all trying to force
the holders Of wheat 10 sell out. But why
should they sell? II they have all the money
that they need, and if they think that soc is
not an eXuavagant price for wheat in May,
why should they not hold on, and why should
they not buy more If they chose? There would
not be
so MUCH SQUEALING
If there was not a big short interest, and
what is TO prevent the holders advancing the
market lUc any day they please? Wouldn't
the shorts have TO settle? There is good
lot of nonsense in the complaints that are
made. Commission men who are sound are.
refusing to trade because they claim the
traders won't SELL Well, what is the
board OF trade for? Can't man buy wheat
here for May and demand the cash? Is busi-
ness 10 stop because all the trading is not on
wind" The crowd was inclined TO feel from
the very start to-day that the intervention of
q Sunday had been of advantage 10 the
wheat clique. 1t had given them time to
settle plans, which last week looked muddled to
outsiders The gossip was that 1t had given
them an opportunity to look around and
select q new set of brokers. 1t was the
wonder Of the pit last week that when the
big "boycOtterS' made it hard for kerShaw q
Co. and Rosenfeld Il Co. TO trade, they did not
switch OFT 10 new set of houses
for awhile. Tbs, it is claimed, has been
done quietly, SO that while KerShaw Go.
and Rosenfeld & Co. are taking the brunt OF
the kicks from the disappointed bears, other
houses are quietly piling up more wheat.
There were indications that the clique or
cliQueS were opening negotiations with some
new commission houses, which were dlctat-
ing pretty stringent conditions. A good
authority asserts, also, that there are two
long interests in this market, one sending
orders from California and the other from
Cincinnati. and the California crowd, al
though il has not the most wheat bought, has
decidedly the most money to buy it with.
Provisions were as dull to-day as the other
pits. The failGre of Pinchofs showed that
there were some shoeString operators in lard
and ribs who gave out the impression, TO the
best of their influence, that it was an Armour
deal from the top TO the bottom of the list in
the provision pit. His failure has dissIpated
that view.
THE ROUTINE REPORT.
CHICAGO. March 1.-THE wheat market
was rather dull and generally weaker to-day.
There were few outside orders and there was
less doing on local account than for the few
past days. The visible supply showed a de-
crease Of 81, 900 bu, but the receipts were
larger, aggregating at eleven points $3.50
bu. The clearingS from these points were
2l2.O00 blu. The starting price for May de-
livery was S21@c II shade higher than the
closing on Saturday, but this proved to be
the top figure for the day. Heavy offerings
broke the market Off TO sic. frolD which
rally 10 Sl55c occurred during the afternoon,
ut which figure the market rested for the day.
There was a moderate trading III corn, and at
times the market ruled quiet. The market
opened steady, but the offerings were large
and decline TO 4014c for May delivery, toll
lowed by rally to 405gc under fair buying.
Oats ruled easier but closed firm and Il shade
higher than on Saturday. There was no
movement whatever in pork. The offerings
Of lard we're liberal at the opening and de-
cline OF Toe per 100 lbs. followed, after which
the market rallied 13G1lT12c ruled moderately
steady and closed at about Saturdays closing
prices. Short ribs declined 90 1a0J25c early in
the day, rallied a tritie and closed Zoe lower.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No.2. March, opened at 763sc, closing
al 76c; May S21sc, closing S15sc; June, S02gc.
closing at S0140S05sc. Corn-No. .. March,
35lsc, closing at 35l5c; May, 40$4c, closing at
403gc; June, 4l1sc, closing at 407s041c: July,
421sc, closing at 42c. Oats-No. 2, March,
24c closing ct 24c; May, 2S3zc, closing at
pork, per barrel-March, $50 10, closing at
5000; May, 5000, closing at $20.5G; June,
$2O.50, closing at S20.5O. Lard, per 100 pounds
March, S7.371a, closing At S1.42a: May,
$780, closing at S7.5712; June, $3.50, closing
ut S765. Short ribs per 100 pounds-March.
$685. closing at 81 .95; May, $S.1:1a, closing
at SS.05; June, SIS. closing at SS01%.
Cash quotations were us follows: Flour steady
and unchanged. Wheat-No. 2 spring, 700
T71sc; No. 5 spring. 721ac; No. red, nominal
Corn-No. 2, 353s@377%c. Oats-No. 2, 24c.
Rye-No. 2, sac. Barley-No. 2, 4915@152c
Flax seed, prime, $1.O6%. Timothy seed,
prime Sl.S2. Mess pork. per Dbl, S20920.l0
Lard, per 100 lbs, S7.42]a. Short ribs, sides.
loose, S7.90@7.95; dry sailed shoulders, boxed,
$6G16.25; short clear sides, boxed, SS.400
S.45. Whisky, dlstilers finished goods per
GAL Sl.1S. Sugars, cut loaf, 61a@634c; granu-
lated, 55sc; standard a. 519@53sc. Re
ceipts-Flour, $4,000 bbls; wheat, 6S,0 600 bu;
corn, 100000 blu; oats, $1,000 bu; rye, 1000
bu; barley, $4,000 bu. Shipments-Fiour, A.
600 bbs; wheat, $4,000 bu: corn, 900 bu:
oats, $4,000 bu: rye, 1000 bu; barley, rs, GOO
bu. On the produce exchange to-day the
butter market was firm; creamery, 24032c
per ID; dairy, 24@27c. Eggs, 144@1434c.
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